Iraqi Dinar Guru Updates, Investment, News, Opinions, and Intel (05-5-2024)

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These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion

According to Newshound Guru Militia Man :

earnings from sources other than oil…The world’s biggest sulfur deposit is located in Iraq. They have access to that. It will come from their non-oil income. Iraq has an abundance of natural resources that are unparalleled. I believe it’s quite inaccurate to claim that they can’t afford to make the changes they want to make and transition to a market economy.

According to Iraqi Dinar Intel Guru Frank26 :

Two weeks before to the large entourage gathering that traveled to Washington, DC, there was a meeting.We’re heading to Washington, DC, to bring the monetary reform, they said. The updated currency rate was visible. After reaching an agreement, they returned home and informed the contractors that their contracts would be revised to reflect the new exchange rate.After finishing that, they took a plane to Washington, DC, where they gave the message and spent more than two weeks meeting with influential people who would help their economy grow.

According to Newshound Guru Kaperoni :

For many years, the procedure for nations has been to establish the prerequisites for economic growth before modifying their monetary policies to permit currency fluctuations. Because of its success, flotation enables a nation’s currency to rise or fall in response to supply and demand. Thus, the prosperity of Iraq’s economy directly affects the country’s currency and exchange rate. As long as Iraq keeps making progress and establishes the circumstances required for economic development and success, the potential is quite good.

According to Iraqi Dinar Newshound Guru Paulette :

Query: “Is Iraq still on point to enter the WTO on may 9th?” The necessary Product Protection Act has not yet been approved in Iraq, and the Steering Committee’s next meeting is scheduled for “mid-year”.

According to Intel Guru MarkZ :

[via PDK] “Kuwaiti Dinar to US Dollar: Top 10 Most Valuable Currencies Worldwide in 2024” article It was published in the Indian Express. And the top slot used to belong to the Iraqi dinar. Remark: I believe Iraq’s value to be higher than Kuwait’s. MarkZ: Definitely. Additionally, Iraq had not yet explored its natural gas reserves when its currency was the most valued in the world.and did not pump quite the same amount of oil as they do now. Iraq is in better position now than it was when they possessed the world’s most precious currency.

According to Iraqi Dinar Intel Guru Frank26 :

Everything will go crazy when the float begins because your currency’s value will increase everyday until the CBI believes they have determined the true effective exchange rate.Our prediction is that they will limit it at $3.86 to $4.25 and begin trading at $1.30 to $1.50 IMO.

According to Newshound Guru Walkingstick :

[Updated: Iraqi bank owner #1 and former colleague of Iraqi bank] He recently left Bagdad and traveled to Hong Kong. Why? He is out there representing the CBI with banks. There are satellite banks everywhere. Their goal is to regain their 3-zeros. They wish for them to remain outside of anyone’s federal reserves.

According to Iraqi Dinar Newshound Guru Clare :

Quote from the article: “Saleh stated that calls for floating the dinar to close the gap between the official exchange rate and the black market may be feasible in an economy where the movement of the balance of payments is solely influenced by the free market, rather than in an economy where the rentier government sector is major and produces currency reserves.”

According to Newshound Guru Militia Man :

Article: “Business analyst Muhammad Hashem Helou affirmed that the national bank can’t drift the dinar conversion standard.” Over the past week, a few articles have openly discussed the various exchange rate-oriented regiments, such as fixed float, pegged, etc. Saleh has spoken about it, he says it [floating] is hazardous …the climate wouldn’t be great so it wouldn’t be the most ideal decision… Conditions for the nation of Iraq which is still principally a rentier, and that implies oil based, it’s ideal to have a decent conversion standard…

According to Iraqi Dinar Intel Guru Frank26 :

Article: ” Specialist: Drifting the dinar is monetary self destruction” Market analysts are sharing with the Iraqi residents that a buoyancy is inconvenient while the CBI Saleh, the consultant, the Monetary Pastors, this multitude of individuals are saying the direct inverse, ‘we’re going to float…why do you suppose we have everything set up? Why do we adhere to international regulations? For what reason do you believe we’re article VIII? Why do you think we’ll be WTO members in seven more days? It is self-destructive to Drift the dinar? No it’s self-destructive for you.

According to Intel Guru MarkZ :

[via PDK] “Temenos is used by the National Bank of Iraq for core banking and payments.” A widely used banking AP from around the globe has been implemented. Additionally, their financial system has gone digital at a record-breaking rate. We were informed that this was required in order for them to pull the trigger—BAM. They want us to be aware that their banking system has been changed. This is a crucial step in the process, and it appears to be finished here!

According to Iraqi Dinar Newshound/Intel Guru Mnt Goat :

Since January of last year, 2023, I believe the currency reform effort has entered a key phase. Right now is a “crucial” time. We are currently waiting for the Central Bank to make the next move and implement the second-rate adjustment in the nation to little over a dollar, which we were informed is on the way, much like in a game of chess. Since they claimed to have gained control of the “black” market in parallel and that sanctions on several Iraqi banks had been successfully lifted through talks.